Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
bias confirmed few found last markets since slightly tone view
We feel confirmed in our view that we have found the right tone in the markets over the last few months, ... Our tightening bias has slightly strengthened since July.
answer asked wish
I wish you had not asked me that question, the answer is no.
aware downside optimistic reasonably recovery remaining start
While I am reasonably optimistic about the sustainability of the recovery that, we expect, will start this year, I am also aware of the remaining downside risks.
euro exchange higher lead lower might prices rate since ultimately understand
To them, I would like to say the following: I understand their concerns, since a persistently lower euro exchange rate might ultimately lead to higher prices in the shops,
adjustment area contribute ensure euro interest level maintain price rates reduction seen stability
This reduction is to be seen as an adjustment of interest rates to an appropriate level to ensure that the euro area will be able to maintain price stability and to contribute to growth,
employment market
Wages, import prices, bottlenecks in shortages in the employment market
immune states united united-states
We are not immune to developments in the United States and the world at large,
benefits chosen danish deprive economy euro form growth increase otherwise people rate taken taking themselves welfare within
The Danish people have chosen to deprive themselves of benefits in the form of an increase in the rate of growth and the welfare of the economy that would have otherwise taken place, and that is already taking place within the euro area.
confident
We are confident that we are weathering the storm,
advised best continues euro movements perhaps whatever
Whatever I say, whatever I do, the euro continues its movements so perhaps I am best advised not to say anything,
consumer declines effect expected given investors negative pace prices recent recovery sharp stock
Given that the expected pace of the recovery has been scaled down over recent months, sharp declines in stock prices are having a negative effect on consumer and investors confidence,
contribute lower outlook price stability
This weakened outlook should contribute to lower inflationary pressures. And, as you know, price stability is our aim,
assuming currently japan manages overcome
assuming Japan manages to overcome - and I think it will - the difficulties it is currently facing.
environment excess given less pressure risk subdued translate
At this juncture, there is less risk that excess liquidity will translate into inflationary pressure given the environment of subdued demand,